Lite Access Technologies (TSXV:LTE) Effective Interest Rate on Debt % : 12.05% (As of Dec. 2023)

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What is Lite Access Technologies Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Lite Access Technologies's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$0.09 Mil. Lite Access Technologies's average total debt for the quarter that ended in Dec. 2023 was C$0.73 Mil. Therefore, Lite Access Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 12.05%.

Lite Access Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Lite Access Technologies's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Lite Access Technologies Effective Interest Rate on Debt % Chart

Lite Access Technologies Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

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5.87

3.93

2.49

1.89

12.99

Lite Access Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.48	10.63	11.56	12.32	12.05

Competitive Comparison of Lite Access Technologies's Effective Interest Rate on Debt %

For the Communication Equipment subindustry, Lite Access Technologies's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Lite Access Technologies's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Lite Access Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Lite Access Technologies's Effective Interest Rate on Debt % falls into.

Lite Access Technologies Effective Interest Rate on Debt % Calculation

Lite Access Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2022 )	+	Total Debt (A: Sep. 2023 ))	/ count )
=	-1 * -0.081	/	( (0.508	+	0.739)	/ 2 )
=	-1 * -0.081	/	0.6235
=	12.99 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.141	+	0.367
=	0.508

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.66	+	0.079
=	0.739

Lite Access Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.088	/	( (0.739	+	0.722)	/ 2 )
=	-1 * -0.088	/	0.7305
=	12.05 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.66	+	0.079
=	0.739

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.151	+	0.571
=	0.722

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Lite Access Technologies (TSXV:LTE) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Lite Access Technologies Effective Interest Rate on Debt % Related Terms

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Lite Access Technologies (TSXV:LTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lite Access Technologies Inc (TSXV:LTE) » Definitions » Effective Interest Rate on Debt %

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Address

110 – 6039 196 Street, Surrey, BC, CAN, V3S 7X4

Website

https://www.liteaccess.com

Lite Access Technologies Inc is a manufacturer, distributor, and installer of fibre optic technology, specializing in micro ducts and air-blown fibre. The company also provides construction options for the deployment of the fibre optic. The business of the company operates in three reporting segments: Product sales, Fibre optic installations and concrete cutting. Fibre optic installations account for the majority of revenue. Its geographical segments are Canada, the United States, the United Kingdom, and others, of which the majority of its revenue comes from Canada.

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